Logo

SEE

Sealed Air Corporation

SEE

Sealed Air Corporation NYSE
$42.95 -0.14% (-0.06)

Market Cap $6.32 B
52w High $44.27
52w Low $22.78
Dividend Yield 0.80%
P/E 15.97
Volume 798.69K
Outstanding Shares 147.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.351B $164.5M $185.7M 13.742% $1.262 $244.2M
Q2-2025 $1.335B $207.9M $93.1M 6.974% $0.63 $246.4M
Q1-2025 $1.272B $208.3M $113.5M 8.919% $0.78 $243.2M
Q4-2024 $1.373B $247.8M $-7.3M -0.532% $-0.05 $241.9M
Q3-2024 $1.345B $215.2M $91.7M 6.817% $0.63 $242.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $282.5M $7.084B $5.894B $1.19B
Q2-2025 $354.4M $7.247B $6.294B $953.1M
Q1-2025 $335.2M $7.049B $6.251B $797.9M
Q4-2024 $371.8M $7.022B $6.398B $624.5M
Q3-2024 $386M $7.321B $6.55B $771.2M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $185.7M $165.9M $-21.6M $-204.3M $-71.9M $119.6M
Q2-2025 $94.2M $136.6M $-36.6M $-113.1M $19.2M $93.2M
Q1-2025 $113.5M $31.9M $-43.5M $-45.3M $-36.6M $-12M
Q4-2024 $-8.2M $244.2M $-67.3M $-151.1M $-14.2M $185.1M
Q3-2024 $91.7M $170.5M $-67.3M $-126M $-2.6M $115.2M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Food Care
Food Care
$890.00M $900.00M $920.00M $850.00M
Protective
Protective
$450.00M $450.00M $450.00M $420.00M

Five-Year Company Overview

Income Statement

Income Statement Sales have been broadly flat to slightly down over the last few years, suggesting a mature business facing softer demand or pricing pressure in some areas. Profitability at the operating level is still respectable but has slipped from earlier highs, pointing to margin pressure from costs, mix, or competitive dynamics. Net income and earnings per share have fallen more noticeably than sales, which implies additional burdens such as higher interest expense, restructuring, or other below‑the‑line items. Overall, the income statement shows a solid but pressured franchise, with profits trending weaker even though revenue has not collapsed.


Balance Sheet

Balance Sheet The balance sheet shows a business with substantial assets but also a heavy debt load. Debt has climbed over the period, while shareholders’ equity, although still relatively small, has been rebuilding from very low levels. This combination points to a leveraged capital structure that depends on consistent cash flow to remain comfortable. Cash on hand has been fairly steady, which provides some buffer but not an overly large safety cushion. In short, the company appears balance‑sheet constrained: not distressed, but with limited room for large shocks without careful financial management.


Cash Flow

Cash Flow The company consistently generates positive cash from its operations, which is a key strength. Free cash flow has been positive every year, though it has bounced around, reflecting swings in working capital and investment levels. Capital spending has been rising gradually, indicating ongoing investment in equipment, innovation, and capacity rather than aggressive cutbacks. Overall, cash flow quality looks better than the earnings trend alone might suggest, but there is not a large surplus once debt obligations and reinvestment needs are considered.


Competitive Edge

Competitive Edge SEE operates in a competitive, often price‑sensitive packaging market but benefits from several meaningful advantages. Iconic brands like Bubble Wrap and Cryovac, a large global footprint, and close integration with customers’ packaging lines create switching costs and recurring material sales. Its “razor‑and‑blade” model—equipment plus proprietary consumables—supports sticky relationships and recurring revenue. However, the industry remains exposed to economic cycles, raw material costs, and sustainability regulations, so its advantages reduce but do not eliminate competitive and regulatory pressure.


Innovation and R&D

Innovation and R&D The company is leaning heavily on innovation to refresh its edge, with notable focus on automation, sustainable materials, and digital packaging. Investments in research and development, a large patent portfolio, and platforms like prismiq indicate a deliberate push beyond traditional plastic packaging into smarter, more environmentally friendly, and more automated solutions. Moves such as automated bagging systems, recyclable and paper‑based protective packaging, and smart, trackable labels aim to lock in customers and tap growth areas like e‑commerce, fresh food, and data‑driven supply chains. This innovation strategy is a clear bright spot but still depends on successful execution and adoption at scale.


Summary

SEE looks like a mature, cash‑generative packaging business under earnings pressure but actively reinventing itself. The income statement shows weaker profit trends despite relatively stable revenue, while the balance sheet reveals meaningful leverage that heightens the importance of steady cash flow. Cash generation remains a core strength and helps fund ongoing investment. Competitively, the company enjoys strong brands, a sticky equipment‑plus‑materials model, and global reach, but still operates in a cyclical, evolving industry. Its push into automation, sustainable solutions, and digital packaging offers clear strategic opportunities; the key questions going forward are how effectively SEE converts those initiatives into renewed growth and improved profitability while managing its leveraged balance sheet.